This blog publishes market news relating to the companies listed in Bursa Malaysia, as well as business news in general. You can search and find all the past market and business news by searching within this Blog.

Tuesday, October 4, 2011

Kuantan Flour Mill extends rights issue acceptance to Oct 13

KUALA LUMPUR: KUANTAN FLOUR MILLS BHD [] has extended the closing date for the acceptance and payment for the rights shares with warrants from Oct 7 to Oct 13.

Affin Investment Bank Bhd said on Tuesday, Oct 4 that based on the revised timeline, the expected date for the announcement of the final subscription result and basis of allotment of excess rights shares with warrants is Oct 19 and the expected listing date is Oct 28.

It said KFM's board had extended the closing date due to the prevailing equity market conditions in order to allow more time to be given to the entitled shareholders/transferees/renouncees to consider the merits of the subscription of the rights shares with warrants.

To recap, on Sept 6, it said the last date and time for the acceptance and payment of the rights shares with warrants was 5pm on Oct 7.